The number of business email compromise (BEC) attacks has trebled during the last quarter, according to a report from email security solution provider, Mimecast.
BEC attacks, also referred to as email impersonation fraud, saw a 269% increase compared to the previous quarter, as detailed in Mimecast’s most recent Email Security Risk Assessment (ESRA) report.
The increase is put down, in particular, to cybercriminal ability to evade traditional email security solutions that are implemented across organisations worldwide.
In addition, Mimecast highlights an increase in:
- Emails incorporating dangerous file types (to 28,808)
- Emails with malware attachments (to 28,726)
- Spam delivered via incumbent email security systems (at nearly 29m).
Joshua Douglas, vice president of threat intelligence at Mimecast, says, "This ESRA report pointed out that impersonation attacks continue to menace all types of organisations, but I think the real issue is that there are tens of thousands of email-borne threats successfully able to bypass the email security systems that organisations have in place, effectively leaving them vulnerable and putting a lot of pressure on their employees to discern malicious emails."
Microsoft’s Office 365 includes a range of email protection features. However, as highlighted in the 2019 Osterman Research Report Ten Questions to Ask About Your Office 365 Deployment, this functionality “will not fully meet many organizations’ requirements”. Mimecast reports that nearly half of their customers are implementing their solution to enhance protection for Office 365.
Vuzion and Mimecast
At Vuzion we believe in a layered approach to security, and have partnered with Mimecast to provide our partners with the ability to include the Mimecast suite of email security services within their customer solutions.
Mimecast’s range of email security services protect customers from cyberthreats, including impersonation scams, spear-phishing attacks and ransomware.
Michael Frisby, Vuzion MD, comments, “Security is at the top of every business’s agenda and is a natural starting point to begin conversations with customers.
“The threat landscape is always evolving, and Mimecast is continually developing and refining their services to meet the changing threats.”
If you’d like more information about the range of Mimecast email security services, contact the Vuzion team.